Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis. Days Past Due Accounts receivable Percent uncollectible Total $575,000 0 $397,000 2% 1 to 30 $91,000 3% 31 to 60 61 to 90 $37,000 $19,000 6% 8% Over 90 $31,000 11% a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $12,100 credit. c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,100 debit. Complete this question by entering your answers in the tabs below. Req A Req B and C Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts receivab to estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for uncollectibles Req A Req B and C > Req A Req B and C Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balanc Allowance for Doubtful Accounts is a $12,100 credit. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balanc Allowance for Doubtful Accounts is a $1,100 debit. View transaction list Journal entry worksheet 1 2 > Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $12,100 credit balance. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $1,100 debit balance. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal